Lumen21 Named to ICIC and Fortune's Inner City 100 List
Company ranks second for "Software and Information Technology" in annual ranking showcase of the 100 fastest-growing urban businesses in America
ORANGE, Calif., Oct. 20, 2014 /PRNewswire/ -- The Initiative for a Competitive Inner City (ICIC) and Fortune named Lumen21, an award-winning global technology firm that specializes in compliance and technology services and solutions, to its 2014 Inner City 100, a list of the fastest-growing inner city businesses in the U.S.
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In its 16th year, the Inner City 100 consists of 10 fast-growing businesses from 10 industry categories, which include: Construction; Manufacturing; Professional Services; Food and Beverage; Retail; Media and Communications; Software and Information Technology; Transportation and Logistics; Healthcare and Biotechnology; and Arts, Entertainment, and Recreation. Applicants were ranked according to revenue growth against their industry peers, as well as overall.
Lumen21 ranked #2 in the "Software and Information Technology" industry category and #7 overall out of 100 for "fastest growth". The Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America's urban communities.
The full list of winners can be viewed at http://www.fortune.com/2014innercity100.
The 2014 Inner City 100 winners represent 53 cities and 23 states. The winners grew at an average compound annual growth rate of 39 percent and an average gross growth rate of 336 percent between 2009 and 2013. Collectively, the top 100 inner city businesses employ 8,276 people and have created 5,119 new jobs between 2009 and 2013. Not only are the winners powerful job creators in their communities, they also help develop their employees – 73% provide business skills training and 69% provide professional development training to all full-time employees.
"Making the Inner City 100 list is an important achievement because it recognizes both business success and a commitment to economic recovery in urban areas," said Eduardo Don Jr., President of Lumen21. "We're thrilled to be in the company of other companies who are creating jobs in cities throughout America as well as being leaders in their respective markets. The market continues to welcome our services solution and our dedicated employees make what we do possible for our clients."
Lumen21 delivers professional and managed infrastructure and IT security services to end-user clients, and through value-added technology resellers. The company offers a cost-effective service that end-users, resellers or ISV's (Independent Software Vendors) can easily deploy to their customers to provide access to all of an organization's computing resources in a secured cloud virtualized environment.
"It's important to recognize businesses like Lumen21 that are truly driving economic growth and job creation and America's urban cores," said Matt Camp, President, ICIC. "We believe that inner cities hold unique competitive advantages for business, and the success of these firms underscores that market opportunity."
Initiative for a Competitive Inner City (ICIC)
ICIC is a national nonprofit founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC's mission is to promote economic prosperity in America's inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections and the Goldman Sachs 10,000 Small Businesses programs. Learn more at www.icic.org or @icicorg.
About Lumen21
Lumen21 is an award-winning global technology firm focused on delivering the highest quality IT services to its clients and resellers. Their main offerings include 24x7 managed services, custom application development, compliant cloud computing, and IT/business consulting. Lumen21's depth of experience, industry best practices, and focus on innovation means their clients benefit from less complex, professionally managed technology infrastructures and applications. In particular, organizations required to comply with federal or industry regulations (i.e. HIPAA, PCI DSS, and GLBA etc.), gain improved visibility and control over their applications and data with Lumen21's innovative compliant cloud computing solutions. To find a reseller or learn more, visit http://www.Lumen21.com.
Media Contact: Len Fernandes, 1-888-317-4687 ext. 702, Email
SOURCE Lumen21
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